Quick Links

Pension News

"Unfortunately, there is a common misconception that comparing annuities and switching providers is complicated – it's not," he said.
"By using a no obligation annuity comparison service like ours, annuitants could increase their retirement income by as much as 30%. Our message is simple – don't just settle for the first quote, shop around and see how much more you could get." more

People urged to consider long-term care plans

13 November 2007

Individuals ought to make plans for when they get older to ensure they have adequate health care provision, it has been claimed.

Financial firm Edward Jones said that although many people may put off thinking about when their health may "deteriorate", it is "common sense" to make plans for the future.

However, the firm warned that although it may be "tempting" to transfer assets to relatives in order to qualify for financial assistance to cover care under the Community Care Act, people should be aware that local authorities could reclaim money used in this way.

"It is generally the intention behind any transfer of asset that will be looked at, rather than how long ago it took place," the company explained.

In related news, Catherine Rowley, Independent Medical Advisory Service manager at BUPA, recently said that many people are retiring in their 50s because of ill-health, often drawing their ill-health pension for several decades afterwards.